Cryptocurrency and Web3 technologies are supposed to represent the future of finance, offering a decentralized and borderless world where money, data and assets flow freely. Despite progress and setbacks, however, the advance guard of a hypothetical future-fit financial sector is fighting the same historical battles...
In 2022, the de-pegging of the TerraUSD (UST) stablecoin led to a cryptocurrency sector collapse, ultimately exposing fraud at FTX and elsewhere. Much has changed since then, particularly as it relates to the view traditional players in finance and payments hold around stablecoins. Observers within...
Blockchain is growing into a global innovation that transcends its initial association with crypto. The auction house Christie’s, for example, recently announced that an upcoming collection of fine art photography will include blockchain-based certificates of ownership for digital provenance purposes. And from banking to payments...
Robinhood Markets and Revolut were reportedly noncommittal when asked about a media report that they are considering launching stablecoins. When asked about the report by Bloomberg, a Robinhood spokesperson said the company has “no imminent plans to launch this offering,” while a Revolut spokesperson said...
Worldpay is reportedly in talks with blockchains about becoming a validator and verifying blockchain transactions. The payments provider aims to do so to better understand how digital ledgers operate and to be involved with blockchain infrastructure, Bloomberg reported Thursday (Sept. 26), citing its interview with Sanchit Mall,...
First Abu Dhabi Bank (FAB) successfully completed a pilot using programmable payments with JPM Coin through Onyx by J.P. Morgan. This programmability enables payments to be triggered at specific times or events, FAB said in a Tuesday (Sept. 24) press release. “This successful pilot opens...
Cryptocurrency’s wild ride isn’t over yet. Regulators are closing in, and innovation is speeding up. It’s safe to say that the blockchain landscape remains a bit of a battleground. Price volatility continues unabated, and scams are still peppering the landscape, including the Monday (Sept. 23)...
You can’t have a global economy without cross-border payments. And as the world gets more connected, the onus is increasingly falling on cross-border payments, which have traditionally been friction-filled and complex, to step up their game and perform better. “Traditional cross-border payments still have a...
People and businesses tend to think of crypto in one of two ways. The first is that crypto and blockchain more broadly are transforming technologies that will reshape the financial and payments sectors. This view tends to be held by people and businesses that believe...
